How To Become A Real Estate Appraiser

By Christopher Lewis


Real estate is the property of land and every structure on it which includes the natural and artificial ones like the crops, buildings and mines. The value of these properties require to be developed by a professional because each one occur infrequently and is unique. The location is one of the basis for its value including all the improvements that have been made.

Appraisal reports are needed for different legal reasons like for getting loans, taxation and establishing a sale price. This is where a real estate appraiser Cape Girardeau MO comes in to help you in determining the value of your property. But if you want to become one in Cape Girardeau, MO, here are some things that you need to do.

Before obtaining a trainee license, you must take classes from an accredited college or university of a related course work. Submit an application to become one and start getting experience after you have completed your education. Submit other needed documents when registering including details about the supervisor you chose to mentor you.

This supervisor will then teach you everything about the trade and you could get more than one mentor to help you in learning what you need. It is preferable that they live near you because you must go with them during their work to have a hands on experience. They will be the one who will sign all your documents that proves you have worked for the hours required.

Apply for a trainee job in an appraisal office for real estate to check if this is the career path you want to pursue. It is a great place also to know more on appraising from other professionals already working in the office. Start networking with other people there that could help you with whatever you need to learn more about this trade.

Get a trainee position with the bank which is another way to have education while getting paid as well. This can help you find and build relationship with a loan broker which are the ones who do most of the appraisal work for bank loans. This would be useful when you know one to work with when you have acquired your regular license.

Get a sales license though there is no intention in working in sales because this is useful in obtaining MLS data when needed. Complete all required hours of education and experience that might take a year or more to finish. As a trainee, your payment is not big so another job you can work for a few hours is helpful.

Take and pass the examination for acquiring your appraiser license and do your own appraisals but there are limitations though. You may only appraise non complex residential properties worth less than a million dollars and complex ones worth less than 250, 000 dollars. If you want to appraise those that worth more then an additional course work must be taken.

This will upgrade your license to become a certified residential appraiser which would let you appraise those that worth more. Complete additional coursework and experience hours then take an examination. Having this certification will let you work with more institutions.




About the Author: